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If I donate a brand new item and give it to a charity unopened still in the original packaging, isn't the value of the new item the same as what I paid for it?
The items are brand new and still in the original packaging never ever used.
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June 7, 2019
3:14 PM
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Not always. Some items drop in value over time. For example, if you bought a new PC in 1998 for $1000 and it was still new in the box, it could not be fairly valued as $1000 today. The donation value of an item is what it is worth on the date it was donated.
June 7, 2019
3:14 PM
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Good point, but many donations are made relatively quickly after the purchase, For example, you go to a store and buy things for an upcoming church rummage sale or charity auction.
June 7, 2019
3:14 PM